Backdoor Roth IRA conversion 2024

[rkoerfer]

I ran into an issue during the input of a backdoor Roth IRA conversion for 2024, while following the instructions of the TurboTax Help article, describing the two steps for the TurboTax Desktop version.

Following the instruction Step 1: Enter the Non-Deductible Contribution to a Traditional IRA under Deductions & Credits, I checked the box as described in step “5. Check the box for Traditional IRA and Continue.”

Step 6. requires to Answer Yes to Did you contribute to a traditional IRA? However, TurboTax has an additional text that reads “Tell us if you made a contribution to a traditional IRA for 2024.”

I did not contribute anything in 2024 to the traditional IRA. The IRA was created through a rollover from a 401k many years ago. Answering this question with Yes doesn’t seem to be right.

Any advice how to handle that?

[DaveF1006]

These are the steps to report your Roth conversion.

1. Click "Federal Taxes" on the top and select "Wages & Income"
2. Click "I'll choose what to work on"
3. Scroll down and click "Start" next to "IRA, 401(k), Pension Plan (1099-R)" 
4. Answer "Yes" to the question "Did You Have Any of These Types of Income?"
5. Enter the information from your 1099-R
6. Answer questions until you get to “What Did You Do With The Money” and choose “I moved it to another retirement account”
7. Then choose “I did a combination of rolling over, converting, or cashing out money.” and enter the amount next to "Amount converted to a Roth IRA account"
8. Continue through the questions.

[Edited 01/22/24|7:33 am PST]

@rkoerfer 

[dmertz · Accepted solution]

There is nothing "backdoor" about this.  You simply did a Roth conversion.  Enter the Form 1099-R, indicate that you moved the funds to another retirement account, that you did a combination of rolling over, converting and cashing out, then indicate the amount converted.  Since you made no traditional IRA contribution for 2024, there is no traditional IRA contribution to enter.